Can I Afford to Live in Medellín vs Athens on $120K?

Here's how a $120K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.

Medellín, CO
$7,155/mo take-home
Rent: $500/mo (7% of take-home)
Very comfortable
Athens, GR
$6,255/mo take-home
Rent: $700/mo (11% of take-home)
Very comfortable

Monthly budget breakdown

Expense
Medellín
CO
Athens
GR
Monthly take-home (est.)$7,155$6,255
1BR rent$500$700
Groceries (est.)$380$380
Transport (est.)$150$150
Utilities$55$90
Internet$30$30
Left after essentials$6,040/month$4,905/month
Medellín (Antioquia) has no state income tax, boosting take-home vs Athens (GR rate: 9%).

Frequently asked questions

Is $120K a good salary in Medellín?

At $120K/year in Medellín, your estimated monthly take-home is $7,155. With 1BR rent around $500/month, rent takes up 7% of your take-home. That's considered very comfortable.

Is $120K a good salary in Athens?

At $120K/year in Athens, your estimated monthly take-home is $6,255. With 1BR rent around $700/month, rent takes up 11% of your take-home. That's considered very comfortable.

Which city is more affordable on a $120K salary?

Medellín leaves you with more money after core expenses — $6,040/month vs $4,905/month in Athens.

Can I afford to live alone in Medellín on $120K?

Yes. At $120K in Medellín, rent takes 7% of your take-home, leaving $6,040/month after essentials. Most financial planners recommend keeping rent below 30%.

Compare other salary bands — Medellín vs Athens

See the full cost-of-living comparison

Rent, groceries, taxes, transportation, and more — side by side.

Full comparison

Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only